Huge Teaching Council Cash Reserves

cmssjone

I was on the TC website today when I came across the annual report section. Had a quick look at the last published accounts (2014) and the TC had over 17 million euros in cash reserves. Does anyone have any idea why this figure is so high?

evolving_doors

cmssjone wrote: »

I was on the TC website today when I came across the annual report section. Had a quick look at the last published accounts (2014) and the TC had over 17 million euros in cash reserves. Does anyone have any idea why this figure is so high?

There must be at least 40,000 teachers who throw €70 at them every year... Then the charging to get qualifications assessed...
Do they get an allocation from the govt. (wages come out of govt payroll maybe).
Why do teachers need to be coughing up these subs every year.. What do we get for it? Update our status to 'still teaching' and an ID card that wouldn't even get us into coppers.
At this stage they should be getting Barack Obama to give the pep talk at the annual love in.

spurious

Barack? Sure with all that dosh, they could afford Bertie.

The membership 'card' is truly embarrassing.

strawberrie

I remember hearing they were required to build up a reserve in case of future litigation. Don't know if that's true though

cmssjone

strawberrie wrote: »

I remember hearing they were required to build up a reserve in case of future litigation. Don't know if that's true though

There was a note regarding that on the accounts that stated they were required to put aside 4 million for that. So I'm just wondering what the other 13 million is for...

Mardy Bum

The membership card is one of the worst cards I have ever seen in my life. The Dutch Gold club in college would give a better card for a fiver.

2011abc

At that rate they could give us free membership for half a decade .Anyway make no mistake that money is to pay legal fees to get YOU fired when some parents decides to take a dislike to you .I wouldn't complain about card either , it would be like themto dickie it up and add 20-30 euro .We were completely robbed by this shower when for years they told us falsely we wouldn't be paid without their protection money .We're overdue a retch enducing email from them any day now .Probably get one post Happy Clappy Day /Feilte telling us how 'engaged' we are with their enlightenment after decades in the dark pre TC wilderness .Cant wait for the Summertime CPD paid for us , in our own time ....Sure one of their post union sell out quango seat rewarded posse has been qualifying in delivering this CPD for the last few years now .It hasn't gone away you know .CPD can has just been kicked down the road for a year or two ...

TheBody

Mardy Bum wrote: »

The membership card is one of the worst cards I have ever seen in my life. The Dutch Gold club in college would give a better card for a fiver.

I'm busting myslf laughing at that!! Thank you for the laugh on a cold Friday morning!!

TheDriver

I have used my teaching council card to get significant discounts on museum entry across Europe. About the only use of it really though

evolving_doors

TheDriver wrote: »

I have used my teaching council card to get significant discounts on museum entry across Europe. About the only use of it really though

Ya I remember hearing something about that, when teachers in our school went on school tours they were asked to show their teaching council card to get in for free (students still had to pay though)!
Nice to know we're appreciated outside Ireland though...

I wonder are there any more uses for it in Ireland?

Maybe we could flash it at a parent teacher meeting "look! I am actually qualified to say these things".

evolving_doors

Mardy Bum wrote: »

The membership card is one of the worst cards I have ever seen in my life. The Dutch Gold club in college would give a better card for a fiver.

It would actually be more use if they didn't laminate it, then at least we could tear bits off if we needed to write down a phone number or email address or something.
It would also be more recyclable when I throw it in the bin.
Maybe you should keep them until you retire, so when the dept. inevitably loose all your paperwork you have proof that you were a teacher.

The_Valeyard

Teaching Council is a waste of cash, time, effort.

Muff Richardson

The sad truth is that it was the unions that agreed to having it established as a regulatory body. The only union that even had a vote on it was the TUI which overwhelmingly voted in favour of it.

That said instead of cutting vulnerable sna, resource, learning support during the crisis, the teaching council should have been top of the list for being disbanded or rid of and whatever they had in their reserves thrown into the system

.

Mirkel75

In negotiations with the the TC at the moment, re registration, most awful quango I have ever had the misfortune to deal with. Honestly this is not the way to get teachers to stay in Ireland. I have been spoken to as if I was naughty child, last time I contacted them I was told to hang tough. No idea when my registration will be completed though. I am 47 and hoping to be registered before I retire

Treppen

If they had 17 million of our euro in reserve in 2016 how much have they now?

Treppen

Just had a quick look. Looks like 18m in reserves...

Where did the money go?

Legal fees cost 1m in 2021.

Nice to know someone is making money anyway.

https://www.teachingcouncil.ie/en/publications/annual-reports/

cmssjone

They need all that money in reserve to pay for the data breach of OUR information